Each year the Kansas City Federal Reserve hosts one of the most important economic symposiums in Jackson Hole, Wyoming. This major event is attended by the top central bankers in the United States and globally. This year’s event, the 2022 Economic Policy Symposium,"Reassessing Constraints on the Economy and Policy," will be held August 25-27.
This year’s symposium occurs at a critical time as the Federal Reserve began an aggressive tightening of its monetary policy. Beginning in March of this year the Federal Reserve raised its Fed funds rate for the first time since 2018. More so, they have raised rates at each of the last four FOMC meetings. They raised rates by 25 basis points in March, 50 basis points in May, and 75 basis points at both the June and July FOMC meetings.
Economists and analysts are divided as to the content of Friday’s keynote speech by Chairman Powell.
The Federal Reserve will hold its next FOMC meeting on September 20 – 21, a week after the release of the CPI inflation index for August.
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